27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Shoe Carnival (NASDAQ:SCVL) reported its Q3 earnings results on Wednesday, November 17, 2021 at 08:00 AM.
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Here's what investors need to know about the announcement.
Earnings
Shoe Carnival their estimated earnings by 42.61%, reporting an EPS of $1.64 versus an estimate of $1.15, which surprised analysts.
Revenue was up $81,757,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.83, which was followed by a 0.69% drop in the share price the next day.
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Here's a look at Shoe Carnival's past performance:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.71 | 0.70 | 0.26 | 0.35 |
| EPS Actual | 1.54 | 1.51 | 0.26 | 0.52 |
| Revenue Estimate | 293.56M | 274.36M | 253.90M | 275.58M |
| Revenue Actual | 332.23M | 328.46M | 253.90M | 274.58M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Shoe Carnival management provided guidance for their next quarter, expecting earnings between $1.1 and $1.15 per share for the nextquarter.
This represents a -31.4% in quarter-over-quarter growth for Shoe Carnival, a bearish signal to many investors.
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.